SpaceX Falls After First Earnings, AMD Drops Despite Data Center Growth

The Rundown · Aug 5, 2026 · 11m

Market update for Wednesday August 5, 2026

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In today’s episode, Zaid covers:

Stocks hit new records as the AI trade makes a massive comeback

SpaceX reports earnings for the first time as a public company, revealing a huge AI infrastructure spending

AMD delivers a strong earnings report with booming AI demand, but investors punish the stock after expecting even more.

Shopify surges after a monster quarter, while Uber faces…